New Textile Policy on the anvil

The Samikhsya Bureau

NEW DELHI: The Ministry of Textiles is contemplating a New Textile Policy that would boost export and employment opportunities.

This information was revealed from the written reply to a query by the Union Minister of Textiles Smriti Irani in Lok Sabha recently.

At present, the New Textile Policy has not been finalized and is at draft stage, the Minister maintained.

The New Textile Policy inter alia, will give thrust on enhancing export performance and creating better employment opportunities.

The New Textile Policy is being formulated by holding widespread consultations with various associations, industry bodies, State Governments and other stakeholders representing subsectors viz. Cotton, Silk, Jute Wool, Handloom, Handicrafts, Power loom etc.

In the budget for 2021-22, it has been announced that a Mega Integrated Textile Regions and Parks scheme (MITRA) will be launched, with an aim to attract large investment and employment generation in the sector to further boost domestic manufacturing and to create world class infrastructure at one place with plug and play facilities.

It will enable textile industry to achieve size and scale so as to become globally competitive and also create global champions in exports. Under the scheme, seven Mega Textile Parks will be established over three years, the Ministry sources said.